Standard Chartered: ‘Crap’ stock, but profits jump

It’s a bold move for the CEO of a bank to describe its share price as “crap”, particularly when he’s been in the hot seat for eight years during which said share price has dropped by over a third. There’s clearly a temptation for the market to turn around and send the C-word straight back at Bill Winters, particularly when eyebrows are already being raised about a 22% rise taking his personal remuneration to a healthy £7.8m for 2023. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.